Rebirth 79: I opened a bank in the United States

Chapter 53 Peanuts That Can't Be Bid

"Yum? I haven't heard of it. Are you talking about PepsiCo?"

"No, it's not Pepsi. It's Yum! It's the company that manages the chain fried chicken restaurant. Maybe it's still relatively small and not well-known. I want to know more about it, but there's not enough information in my small place. , so I need your help."

Speaking of Yum!, Carter naturally thought of Pizza Hut.However, the popularity and influence of this brand is far worse than that of KFC, especially at the moment.I have seen KFC stores, but I have never seen Pizza Hut.When it comes to KFC, Julian may not even know it. It is completely unnecessary for you to talk about Pizza Hut.

"Okay, Kentucky Fried Chicken, right, I've got that in mind, and I'll keep an eye out for you. Oh, by the way, there's been a recent change in chairman of the Federal Reserve, you know? I’m afraid life will be difficult, so you have to pay attention to risk control, and accept the loan as soon as possible. If my prediction is correct, this Volker will definitely shrink the currency.”

"I know the news, thank you for reminding me."

It is the familiar double identification again!Most of Volker's life journey has been in New York, and Julian and other financial practitioners rooted in New York must know this better than Carter and Goodman.With their early warnings and future information as a reference, Carter couldn't help but start to reflect on himself: Is he thinking about the economic situation in the next few years, or is he too optimistic?
After hanging up the phone, Carter, who was a little startled, immediately started accounting.Soon Carter discovered that in the two months since he left, Goodman, who was in charge of the bank, consciously began to reduce the loan. In the two months, he only loaned out less than 2000 US dollars, especially in August. He even borrowed only [-] US dollars.The overall loan ratio has objectively decreased, but the money loaned out during the old Black period was a bit too much, and the bank's books do not look optimistic.

Cash reserves are still unable to meet the withdrawal needs of all depositors, especially after investing the money borrowed by oneself into the fund, if the credit crisis of the past reappears now, it will be a big trouble.And next month, there is still a deposit insurance fee to pay.The deposit insurance fee is not a fixed amount, but one-thousandth of the deposit.Based on the current deposit size of Black Bank, it would cost about one thousand dollars, which is not too much.But the problem is that there is not much cash in Black Bank now, and it has to prepare money for user withdrawals and cashing checks.

Looking at it this way, the focus of the bank's work in the next stage is very clear.Pay back the loan!Even if the interest rate is reduced, it is necessary to recover the loaned money as much as possible first, in case of emergency.

"Goodman, I'll go to Exxon's and talk to him."

"Okay, you go."

Thinking of doing it, after taking stock of the accounts, Carter, who had nothing to do, decided to actually contact the lender.Exxon's farm is located in the southern suburbs of the small town, and saying the southern suburbs is just a nice way of saying it.

To be precise, after leaving Douglas from the south, we have to continue driving for about half an hour before we can find Exxon's farm.There was almost nothing within the farm but a north-south road and Exxon's solitary house.

Shortly after turning from the cement road to a dirt road, Carter slowly parked the car in front of Exxon's house.The person who heard the movement in the house also came out
"Mrs. Exxon? I'm Carter of the Black Bank."

"Carter...I know you. I heard that you just came back from a trip around the United States. Please come in, are you here to collect money?"

Mrs. Exon looked to be in her fifties, modestly dressed, with a kind face.It's just that in the blink of an eye, Carter can clearly show a trace of indelible melancholy, obviously worrying about the repayment of the loan.

"Yes, is Mr. Exxon at home?"

Although Mrs. Exon looked sympathetic, Carter never forgot her purpose.

"He's not here, he went to work in the field. You go in and sit down first, and I'll call him back for you."

It's not that Exxon is avoiding Carter, it's just that farmers' families are almost like this. When Carter returned to his hometown when he was a child, he often couldn't see his grandfather during the day.

"Thank you. I'll go directly to him. I still have a few places to go in a while. Don't worry, Mrs. Exon. I don't mean anything malicious. I'm just talking to him about repayment. If there are any difficulties, we will understand Yes, as long as we can discuss a proper solution."

"Well, my husband may be a little irritable. I'd better go with you. I'm afraid you'll start a quarrel."

Mrs. Exxon changed the slippers at the entrance while talking, and then walked up the field row with Carter one after the other.American agriculture is characterized by a high degree of mechanization, which is actually impossible.

In the United States, where the land is vast and sparsely populated, the amount of land per capita of farmers is several times that of China.It is impossible to plow by manpower alone, but it is summer, the sowing has been completed, and the harvest time has not yet come, and several agricultural machinery are parked in the open space next to the Exon family's hut, idling in a panic.

No wonder everyone's first thought was to sell a few agricultural machines to pay off their debts, because the current Exxon family may be worth some money for these idle big guys
"Mrs. Exxon, how is your harvest now?"

The Exxon family has a lot of farmland and a large area.Before finding Exxon, Carter took the initiative to find a topic, but this topic was really not very good.If the harvest is bad, why is Exxon taking out loans to buy more farm machinery?

Sure enough, I only heard Mrs. Exon say:

"The harvest is not bad. Georgia has plenty of sunlight and water. But the peanuts we are growing now have not been sold at a high price. Those damn capitalists, the peanut butter is getting more and more expensive, but the purchase price is not at all. Rise. Now we can basically only say that we don’t lose money growing peanuts, and we can’t make money at all.”

"Who do you usually sell your peanuts to? Do you sell them directly to the factory?"

According to the information left by Old Blake, among the agricultural products in Georgia, the most important crop is peanuts.The world's largest peanut butter factory is in Dawson City, Georgia. In addition to making peanut butter, Georgia's peanuts account for more than half of the nation's production.Carter was not surprised that Exxon's family planted peanuts. He just wondered if there was something wrong with the middle link.

"How can the peanuts grown by our family be sold directly to factories? They are all sold to Douglas purchasers, who then organize the transportation to various factories or sell them to other states."

"So you can't sell the price. Could it be that these buyers are playing tricks? For example, the factory has raised the purchase price, but they don't increase it, in order to seek greater profits."

"No, we also suspected this before. Exxon also went to Dawson City with a few old friends to ask. The biggest factory didn't raise it, and it's even less likely that other factories would raise it."

(End of this chapter)